Tuesday’s opening bell had an unusual twist: the Nifty50 and BSE Sensex parted ways instead of moving in sync, leaving investors wondering about the rare phenomenon. While Nifty 50 was down 159.25 points, or 0.64%, at 24,615.00, BSE Sensex was up 166.15 points, or 0.21%, at 78,805.18 around 9:42 am.Explaining the move, the National Stock…
Food regulator FSSAI prohibited Dabur from selling many products. The Food Safety and Standards Authority of India (FSSAI) has prohibited Dabur India from selling several food products carrying “100 per cent” claims, saying such labelling are “ambiguous, unverifiable” and “likely to mislead consumers”.In a post on social media on Monday, the food regulator said it…
Stock market today: How Nifty50 and Snesex performed in previous trading? Indian benchmark equity indices ended higher as investors cheered a sharp decline in crude oil prices and signs of easing geopolitical tensions in West Asia. BSE Sensex climbed 544.39 points, or 0.70%, to close at 78,639.03, while NSE Nifty advanced 390.70 points, or 1.60%,…
Oil prices rebounded modestly on Tuesday after posting their biggest single-day decline in weeks in the previous session.Benchmark oil prices extended their recovery, with Brent crude climbing $0.49, or 0.58%, to $84.26 a barrel, while WTI crude advanced $0.41, or 0.51%, to $80.75 a barrel around 7:20 am IST.The rebound followed Monday’s 7% slide, which…
A parliamentary panel suggests lowering the minimum director age to eighteen years. NEW DELHI: The joint committee of Parliamentary panel examining the amendments to the Companies Act has recommended reducing the minimum age for appointment as managing director and whole-time director from 21 years to 18, bringing it in line with similar age caps in…
CHENNAI: Flagging that “free is the most expensive word in public policy”, chief economic adviser (CEA) Anantha Nageswaran said infrastructure built on the promise of free or below-cost services cannot attract patient capital. “What makes infrastructure worthy of patient capital? There are three conditions: quality infrastructure, contract certainty, and policy certainty. And the fourth, which…
Gold, Silver Rate Today: BSE Sensex adds over 500 points in opening trade, Nifty50 soars above 24,550 Benchmark indices open August on a firm note, extending the positive momentum seen in the previous session. BSE Sensex climbed 551.13 points, or 0.71 per cent, to trade at 78,645.77, while NSE Nifty 50 gained 168.45 points, or…
Gold has shown signs of stabilising after a prolonged corrective phase, with prices rebounding from recent lows and moving back above the 20-day average. Gold price prediction today: Gold prices are showing signs of stabilising after a prolonged phase of correction, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold prices…
Despite softer demand in the domestic market, export orders strengthened in July. India’s manufacturing sector saw its slowest pace of activity expansion in nearly five years in July, according to HSBC India Manufacturing Purchasing Managers’ Index (PMI) data released on Monday.However, the manufacturing activity remained in expansion territory with the seasonally adjusted HSBC India Manufacturing…
Offshore funds seeking tax exemption on their global income will no longer have to comply with conditions such as maintaining at least 25 investors. The government has proposed a major easing of the eligibility norms for Eligible Investment Funds (EIFs) managed from India as part of its efforts to establish the country as a global…
